BUSINESS

NGX confirms no insider trading done by the MD/CEO of Fidelity Bank plc

Daily Dispatch May 24, 2025

The Nigerian Exchange Group (NGX) has affirmed that the recent purchase of 18 million units of Fidelity Bank shares by its Managing Director/Chief Executive Officer, Dr. Nneka Onyeali-Ikpe, was conducted in full compliance with applicable regulations. In a letter dated May 22, 2025, the

BUSINESS

SAGECOM Accuses Fidelity Bank of lying about financial status, petitions CBN

Daily Dispatch May 23, 2025

… Says Bank omits $129Million Judgement Debt From 2024 Annual Report A legal firestorm has erupted over Fidelity Bank Plc’s 2024 Annual Report, as lawyers representing Sagecom Concept Limited have written a petition to the Central Bank of Nigeria (CBN), accusing the bank of concealing a multi-million-dollar judgment debt under its litigation disclosures. In a […]

BUSINESS

Fidelity drives NGX early rally as investors swoop on bank stocks

Daily Dispatch May 23, 2025

After muted days of buy activities, Nigeria’s stock market recorded early rally on Friday as invested pounced on the stocks of Fidelity Bank Plc. As at 11am, the NGX All Share Index (ASI) was up by 0.19 percent to 109,385.94 points. Fidelity Bank was up to N18.60, after adding N1.255 (6.63 percent). After Thursday’s negative […]

BUSINESS

Dangote Group, Niger State, Forge Multi-Billion Naira Agric Partnership

Daily Dispatch May 23, 2025

In a major boost to commercial agriculture in Nigeria, the Dangote Group and the Niger State Government are fostering sectoral partnership worth billions of naira. The conglomerate said significant investment has been deployed into the company’s rice production infrastructure in the state, even as it is partnering the Government on the Niger Food initiative. The […]

BUSINESS

Aliko Dangote, is using the fuel price war to take control of the market in Nigeria – IPMAN

Daily Dispatch May 23, 2025

The Independent Petroleum Marketers Association has revealed that Dangote Refinery’s premium motor spirit price drops to control the country’s petroleum downstream sector. The spokesperson of IPMAN, Chinedu Ukadike, disclosed this Thursday in an exclusive interview with DAILY POST. His comments came as Dangote Refinery announced a fresh N15 retail fuel price drop

BUSINESS

President Tinubu inaugurates new NNPCL Board, sets bold Oil and Gas targets

Daily Dispatch May 23, 2025

President Bola Ahmed Tinubu has inaugurated the newly constituted 11-member board of the Nigerian National Petroleum Company Limited (NNPCL), appointed Engr. Bashir Bayo Ojulari as the Group Chief Executive Officer and Mr. Ahmadu Musa Kida as the non-Executive Chairman. The inauguration ceremony took place on Thursday at the State House Banquet Hall, Abuja, shortly before